Barrel of Oil Equivalent (BOE)

Posted in Finance, Accounting and Economics Terms, Total Reads: 499

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Definition: Barrel of Oil Equivalent (BOE)

Barrel of Oil Equivalent (BOE) or Crude Oil Equivalent (COE) is a unit used to denote the amount of energy that is released by burning one barrel of crude oil. Thus BOE is the amount of energy that is equivalent to the energy that is stored in one barrel of crude oil.